Whiskey Can’t Hide Its Age
nautil.us
nautil.us
Edit: Found it[1], although it's rum, not whiskey. Thanks to etherealmachine for pointing me in the right direction.
This will dramatically bring down the cost of whiskey too. First comes from simply increasing the supply. More importantly, most of the cost of whiskey is time. If I spend $5 today making a bottle of 18 year whiskey, and I have a cost of capital of 6% higher than inflation, then I'll need to sell it at $14.27 (5*1.06^18) inflation adjusted just to break even.
But age as a signifer of quality is archaic, as distillers have gotten much smarter about how to make a good product rather than just letting things go for a long time and hope for the best. Honestly if you're buying a bourbon older than 10 years you're overpaying for diminishing returns. Most of the best bourbons/american whiskeys I have had are right around the $40-$70 range, and most don't mention age. I feel similarly for scotch but thats far trickier territory.
Source: I worked three years in an upper-scale wine and spirits shop.
1) Virtually all commercially-produced liquor that has a flavor and isn't single cask is blended. The no-age-label is blended, the 16 is blended. The difference is in what they're blended with and how much.
2) Every study done of wine tasting involving brain scans shows that expectation modifies how taste is interpreted. So yes, to you, it totally did taste better, but not because it necessarily was better, from an objective standpoint. And at a certain level that'll be based purely on personal preference anyway.
Put the A'bunadh and the 16 Sherry in front of me blindfolded. I'll identify them every time.
People who make this wine comparison presumably don't drink much whiskey.
I've only tried the Ardbeg, and it's nice enough, but I'd call it a bit rough round the edges. Like tptacek, I'm wary of no-age, but if they get good enough to pass for long age complexity but bring them into my price range...
That being said, economics have made it happen already: there have been no age statements on the "basic" offering from all mass market Japanese single malts (Yamazaki, Yoichi, Taketsuru...) for a few years now because the vastly increased demand effectively emptied the stock of the 10-12 year old stuff that was previously the default. I also get the feeling that a lot of Scottish houses are cutting their product with stuff that meets the age requirement for labelling but is not as good as what their products were made of 10-15 years ago.
In terms of taste, I think the "fast aged" stuff is a different product. Younger whiskies have a very different flavour profile (not necessarily inferior - try a Port Charlotte PC5-7). Can it become a new market segment, certainly - in fact it already has (e.g. Laphroaig Quarter Cask mentioned elsewhere in this thread). Replace, I'm less sure.
Different whisky products have different markets. There are special limited edition releases of Chivas that are only sold in Asia, for example. Same for Johnny Walker, and many other popular brands. India is crazy for Scotch, but most of its whisky is made of 90% blended neutral spirits and 10% malt whisky. It was only in the past 10 years that they produced their own, completely Indian, single malt whiskys, which are pretty good by the way.
All sorts of whisky brands have been switching to No Age Specified labels for years. Eventually almost all of them will be, partly to avoid shortages, and partly to help consumers try more products from the same brand, and to fight the idea that older = better. And "as good" scotch is relative; they have always blended spirits to get the right flavor profile regardless of age statement, and they continue to do so.
Rather than write up my position on this, I will Defer To Authority and post this excellent Quora answer on signalling and its relationship with quality: https://www.quora.com/Why-would-anyone-buy-a-Rolex-watch/ans... (although I disagree on her premise that there is no objective difference in quality, especially when it comes to wine, but then I am a card carrying Frenchman so hardly unbiased). I particularly liked the ending:
> Of course, none of this applies to me. I honestly love Van Gogh paintings, not because it signals good taste within my social circle, but because they're intrinsically beautiful.
Well, I love my Port Ellen, Karuisawa and Mortlach and I would look forward to adding Urushi Seikos or Chanel's Cuir de Russie (vintage, of course) to my collections. For their intrinsic qualities, naturally. Unfortunately, my wife does not see those intrinsic qualities as clearly as I do, so my plans have been put on hold for the moment (and, probably, all future moments).
This is like saying, because I prefer an all-wheel-drive car, it is for the same reason as buying a Ferrari, because who could possibly need a an all-wheel-drive car?
Other than people who drive in the snow.
Suits are warm and durable and fashionable, goodyear-welted shoes will last forever, be comfortable and weather-resistant, and aged whisky tastes different than non-aged whisky. You buy these generic categories of products for a practical reason. If you want to pay for the one that costs 10 times more than the others, that is signaling.
I was going to give Johnny Walker as an example, but here's a better one: George Dickel Rye. It's fantastic, it's $26, and nobody knows it exists. It's comparable to a nice scotch. So why don't people drink this instead of scotch? Because scotch has things this doesn't, and they're willing to pay whatever it costs to get it. At a bar, though, I always buy the Dickel if it's available, because you can't beat the value.
What I am arguing is that one variable that DOES often matter is signalling - including the subtle signalling for taste that is linked to high social status, and that can be found in e.g. spotting the 1-inch long straight boutonniere and matt buttons that signal a Savile Row tailor. And sometimes the pure signalling in itself, the completely intangible value created by a marketing department, becomes as "real" as any of the intrinsic qualities of the product.
Objectively, you do not need these things. A Ferrari is ultimately just a car. To some people the utility is getting from A to B, and they have a Bentley cos that's what people in their social circles do. Others truly love a well crafted product and value the Ferrari for the driving experience. Others yet have a different utility function, like a race driver who told me he did not enjoy driving the "borrowed" Lamborghini his friend lent him for a few track days, because his Evo had better visibility and turned much better, even if the Lambo was better in straight lines. And then you get the signalling where the Lambo is bought for its price tag in a flashy colour a la Entourage agent whatever his name was. I even remember a hedge fund manager who whilst he was interviewing me proudly showed me his F430 racing photos and cups.
(was based on original comment that GL > BL) Blue Label is an excellent choice when another company is footing the bill at an open bar, and I know a lot of people who would be genuinely pleased if you served them a shot of Blue Label after hosting them for dinner. They are rarely whisky enthusiasts, but there is genuine utility in the happiness that you give them in the perceived value that has been created by Diageo's marketing department around the brand. These intangible things become, in my experience, increasingly important the closer you get to sales.
If fast aging manages to get the same taste in less time (surely the definition of fast aging) and lead to cheaper whiskies with the same taste, then I will definitely buy them.
Anyway Scotch whisky is interesting because the supply of barley is limited. It is used in beer production as well, and is sourced from several countries that also produce lots of beer, and harvests sometimes fail. Once turned into malt whisky, it is used for two different products -- as an ingredient of blend whiskies (grain whisky can be produced in larger quantities, but is worth much less by itself than when blended with malt whisky) or aged a long time to be sold as single malt whisky.
This means that while single malts Scotch is really profitable, the supply will always be limited. And that probably won't change much if the aging process is sped up, so prices probably won't go down that much.
Meanwhile, turnaround time on a serviceable corn whiskey is less than thirty days from cob to bottle. No one is going to die for lack of drink.
Whole story is a bunch of hype.
This way, the exposed surface of the wood is twice as much (since both sides touch the whiskey), reducing the amount of oak needed.
This quote I found interesting. It would seem an important ingredient in making whisky is a locale with reasonably varied weather. I wonder if anyone has tried the equivalent of putting their whisky barrels in a giant iron lung? Pushing and pulling the whisky in and out of the wood more often might speed up the aging process.
"When it opened in 2003, Tuthilltown started experimenting with accelerating the maturation of single malt, rye, and bourbon whiskeys by letting the alcohol settle in 2- to 5-gallon oak barrels, instead of the industry-standard 53- to 55-gallon oak casks, increasing the alcohol-to-barrel-surface ratio. The small barrels sped up aging significantly; we could get to market in months, instead of years,” says Tuthilltown co-owner Ralph Erenzo"
Laphroaig takes 5-year old whisky and then ages it in "quarter casks" (~80 L or 20 gallons) for several months. The result is actually pretty tasty for a relatively cheap scotch. (Warning: must like Islay's or this one will slay you). Their 10-year old bottling is a bit nicer, but almost twice the price.
It's worth noting that more years in the barrel doesn't always improve a whisky. Islay's tend to lose their famous medicinal character if aged for too long, and other scotches often just get musty. I once had a 30-year old bottling of a rye that tasted like licking a steel drum. I'm not sure what went wrong there. Unlike many other things, there isn't so much a point of diminishing returns, but rather, a point after which a whisky will start getting worse, even as the prices continue to grow exponentially.
"Bourbon made in less than a year may be financially savvy, but most bourbon experts say it falls short on taste. “I don’t think new methods are producing whiskey that is comparable,” Bryson says. “Some accelerated whiskeys don’t feel right. They feel too thin; they don’t have the proper ‘roundness.’ ”
I'd have to do a double blind taste-test to be convinced this is true. Are whisky aficionados really more accurate than wine tasters, who famously aren't good at telling what they're drinking at all? I'm certain I could tell an Islay from a Rye or a Speyside, but could I tell a 5-year-old Bourbon from an 8-year-old Bourbon made by the same distiller if they were messing about with these accelerated aging methods?
Aging issues aside, it will be interesting to see how consumer tastes evolve over the coming decades. Scotch has come on big in the last couple of decades and demand for Bourbon is also exploding. Rye (especially Canadian Rye) remains a bit of a niche drink though, but public interest seems to be picking up. Last year, Jim Murray declared the #1 new whisky in the world to be Crown Royal Northern Harvest Rye, which is a good rye for the price, but nothing particularly special. There are several Canadian Rye producers that could easily produce higher end bottlings if the market demand was there, and it does seem to be developing. It would be a fine day indeed if Alberta Premium started regularly producing 20-30 year-old bottlings instead of tricking an extremely limited bottling out every 5 years.
Second: Scotch is aged very differently from bourbon, mostly regarding the barrel restrictions bourbon has (new charred american oak, only). A number of scotch distilleries actually buy barrels off of bourbon distilleries after the casks have been used. Thats also why bourbon is almost always much sweeter in profile than scotch or other whiskies. (Also Laphroaig is delicious).
However, Jefferson's Ocean [1] whiskey is an experiment where Jefferson's took 68 bourbons aged 6-8 years, blended them together, threw the barrels onto a ship, and sent it on a 6 month sea voyage. Apparently, it yielded some interesting, tasty bourbon. I haven't had it, I havent even seen it in person. But be on the look out, i guess.
[1] http://thewhiskeyjug.com/bourbon-whiskey/jeffersons-ocean-ag...
Yes, there are 3 year rums that taste like 18 year scotch. And there are 18 year rums that taste like 8 year whisky.
Because otherwise, he is a well respected Whisky writer with a long history in the trade, and lots of achievements.
"The first thing I need to state, and I want to be very clear, is that Murray is an expert on whiskey. He knows what he is talking about, and he certainly knows more about whiskey than I, or any of my readers do."
I could go on...
The rest is just about how taste is subjective etc, which every drink/food aficionado knows...
Which ever distillery decides to pay him off in any given year gets declared 'world's greatest whiskey' and suddenly sells out and then comes back on the market at triple the price...
I'm a bit confused by this statement. At least when I've seen it, the Quarter Cask is noticeably more expensive then the 10 year. $60 vs. $45. Which now that you point out it is aged half as long does not make a lot of sense.
http://www.bevmo.com/laphroaig-quarter-cask--750-ml-.html http://www.bevmo.com/laphroaig-scotch-10-year--750-ml-.html
I fixed it now. Thanks